Recently, CNN Money’s Small Business section featured a great article on the "seven deadly sins" of entrepreneurship. According to SCORE, a nonprofit in support of entrepreneurial success, 2007 saw over 560,000 small business closures and over 28,000 bankruptcies! Additionally, only 31% of small businesses survive for seven years or more.
Don’t let your business become a statistic! Some of the tips CNN provides include basic things such as fixing accounting glitches and enforcing scrutinous hiring practices. But they also include much more complicated processes such as revamping branding, customer service, or public image.
Make sure to check out the gE special series on Global Entrepreneurship Week for more tips and thoughts.